Bank Of America: Major Miss On Both Top And Bottom Line

Going through Bank of America's apples to monkeys numbers, and awaiting the Q4 presentation eagerly, but for now BAC missed both the top and the bottom line by a mile: the company reported sales of $22.67B, vs. consensus $24.87B with EPS of $0.04 on expectations of $0.21.

Pretty bad when you have a license to lie and you still can't hit the numbers. I've thought all along that QE2 is just about keeping the lights on at the banks. I think the stock market performance has more to do with the Tepper induced house of cards.

Ok, I'd rather see FNM not alowing them to settle about repurchase claims and maybe there will be some revision of this deal, but anyhow they look crippled, specialy when we think of all pending foreclosures and those mortgages that right now aren't under water but will sink in 2011.

But guess what! Stock price is already climing over prior settle. WTF is wrong with market? Are Dick Bove and Jim Cramer lifting it up???

Why isn`t this piece of shit down in pre market? Fuck you assholes. Does anyone have the address for the pomo girl? You know, the one featured in that article about "you can`t be a known buyer and get good prices...".

The speculator­s who are in control of the markets are like termites that require wood to eat and thrive on. Here the wood is the savings and the margin money used for trading the markets. The simple way to destroy the speculator­s is to keep your money out of their reach.

The exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves­. They effectivel­y use the media to lure the other players in the market to a position where they would incur maximum loss. It is similar to rounding up maximum sheep before shutting the doors of the slaughter house. If a trader does end up making money it is more a factor of luck rather than talent.

The small investors have realised that the markets are rigged in favour of the banksters and that is the precise reason why there has been a withdrawal of nearly USD 100 billion over more than last 30 weeks from equity mutual funds. Hence the big speculator­s are running out of people whom they can cheat or rob through the exchanges resulting in fall of trading revenues and profits for them.

Where is BAC headed? I'd like to know the answer to these questions - How much common do C.D Spangler, Hugh McColl Jr & Tom Storrs (yes, he's still alive) still own? How much have they sold off in the last 3-4 months? Follow da $$$$$.....